Eightcap Overview & Awards
Eightcap is a widely recognized Forex broker that has made considerable strides in the financial trading realm. Founded in 2009, the company is headquartered in Melbourne, Australia, and provides an excellent platform for traders globally. It has gained widespread recognition for its commitment to providing a smooth, user-friendly trading experience, coupled with the professional support and a variety of trading instruments.
The broker has carved out a solid reputation in the industry, positioning itself as a credible and trustworthy platform for both novice and experienced traders alike. Eightcap offers over 200 financial instruments across different asset classes, including Forex, indices, commodities, and shares. This wide range of instruments has allowed it to cater to diverse trader’s needs, making it a popular choice among many.
A key factor that sets Eightcap apart from many other Forex brokers is its strong commitment to technology and innovation. The broker utilizes the latest technologies and algorithms to ensure its platform is robust, secure, and efficient. This is evidenced by its integration of the MetaTrader 4 and MetaTrader 5 platforms, two of the most advanced trading platforms in the industry.
Beyond its innovative approach to trading, Eightcap has been on the receiving end of several prestigious awards, further solidifying its credibility and standing within the industry. In 2021, it was awarded the “Best Global Forex MT4 Broker” by Global Forex Awards, a significant achievement given the stiff competition in the industry. The broker has also been applauded for its customer service, winning the “Best in Customer Service” award in 2020.
In addition to these awards, Eightcap has also been recognized for its educational resources. It won the “Best Educational Program” award at the 2019 Forex Awards. This award is a testament to the broker’s commitment to empowering traders through knowledge, providing them with the necessary tools and resources to make informed trading decisions.
Eightcap is a formidable player in the Forex trading industry, with a strong commitment to providing a seamless trading experience. Its innovative approach, coupled with its award-winning services and robust platform, make it a preferred choice for many traders worldwide. The broker’s numerous awards and recognitions are a strong testament to its credibility and quality of service.
Broker Type: Non-Advisory/Executionary Broker
Minimum Deposit: $100
Forex Majors Spread: From 0 (Raw Account)
Hedging: Yes (Non-ASIC Clients)
|Country of regulation
|Trading fees class
|Inactivity fee charged
|Withdrawal fee amount
|Time to open an account
|Deposit with bank card
|With electronic wallet
|Number of base currencies
|Demo account provided
|Forex, CFD, Crypto
Eightcap Regulation and Security
One of the most critical aspects to consider when choosing a Forex broker is the regulation and security measures it has in place. This is where Eightcap distinguishes itself as a reliable and trustworthy broker. Eightcap is regulated by two of the most reputable financial regulatory bodies in the world – the Australian Securities and Investments Commission (ASIC) in Australia and the Financial Conduct Authority (FCA) in the United Kingdom. These regulatory bodies ensure that Eightcap adheres to strict financial standards and maintains transparency in all its operations.
To adhere to these regulations, Eightcap must keep clients’ funds in segregated accounts separate from their own operating funds. This key measure ensures that clients’ money is not used by the company for its own business activities and is protected in the event of company insolvency.
Eightcap also participates in the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service (FOS), providing additional security for its clients.
In terms of digital security, Eightcap has implemented a comprehensive suite of protocols to safeguard its clients’ information and funds. The broker uses the latest Secure Socket Layer (SSL) encryption technology across all its platforms to protect personal information and transaction details from unauthorized access. This encryption is an industry standard and is used by financial institutions worldwide to secure online transactions.
Moreover, Eightcap has also implemented Two-Factor Authentication (2FA) as an additional layer of security for its clients. This procedure requires users to provide two separate forms of identification before accessing their accounts, making it significantly harder for unauthorized users to gain access. The company also uses advanced firewall systems and intrusion detection systems to further safeguard its clients’ information.
As well as these measures, Eightcap takes proactive steps to educate its clients on how to protect themselves from potential threats. They provide resources on their website about safe online practices and how to recognize and avoid potential online scams and phishing attempts.
Eightcap’s commitment to regulation and security is commendable. It provides robust financial protection by adhering to stringent financial standards imposed by reputable regulatory bodies. Meanwhile, its digital security measures, including SSL encryption, 2FA, and intrusion detection systems, provide a secure trading environment. This commitment to security and transparency makes Eightcap a safe and reliable choice for Forex traders in 2023.
Eightcap Trading Accounts
EightCap Account Types
EightCap makes two live account types available, The EightCap Standard Account and The EightCap Raw Account. Here is a comparison.
|Standard Trading Account
|Raw Trading Account
|Typical EUR / USD Spread
|0.5 – 1.8 Pips
|0.0 – 0.1 Pips
|Min. Trade Size
|Max. Trade Size
|Margin Call Level
|Stop Out Level
|Account Base Currency
|Open an Account
Eightcap offers two main types of trading accounts, the Standard Account and the Raw Account. Each account type is designed to cater to the distinct needs of different kinds of traders, from beginners to advanced, providing them with the flexibility and features required to engage in effective Forex trading.
The Standard Account is aimed at beginner traders and those who prefer trading without commissions. This account type offers zero commission trading, allowing users to trade freely without worrying about additional costs per transaction.
However, it’s worth noting that the Standard Account typically has slightly higher spreads compared to the Raw Account. One of the key benefits of the Standard Account is its accessibility, with a minimum deposit requirement of only $100, making it an excellent option for those new to the Forex market or those looking to trade with lower volumes.
On the other hand, the Raw Account is designed for more seasoned traders who are comfortable with paying commissions for tighter spreads. While there is a commission involved, this account provides users with a raw spread starting from 0.0 pips. This type of account requires a minimum deposit of $100, like the Standard Account, ensuring that it remains easily accessible, even for traders preferring lower volume transactions.
Both account types offer exceptional trading conditions, including access to over 1000 tradable instruments, no restrictions on trading styles or strategies, and ultra-fast market execution. Furthermore, Eightcap offers a maximum leverage of 1:30 for retail clients and up to 1:500 for professional clients. This kind of leverage is beneficial for traders with a variety of investment sizes, allowing them to maximize their trading potential.
Additionally, Eightcap also offers a demo account option for those who wish to practice their trading skills before delving into live trading. This is a risk-free environment where users can familiarize themselves with the platform, try out different strategies, and understand the dynamics of the Forex market without the risk of losing real money. The demo account comes pre-loaded with $10,000 in virtual funds, providing an authentic trading experience for newcomers.
Eightcap’s trading accounts are tailored to suit all types of traders, regardless of their experience level or trading style. Offering comprehensive features, competitive conditions, and remarkable accessibility, Eightcap’s account options ensure that users can engage in Forex trading in a manner that best suits their needs and preferences.
Eightcap Trading Instruments
Eightcap is renowned for offering an extensive array of trading instruments to its clientele. Their diverse portfolio is geared towards satisfying the varying needs of traders, irrespective of their trading experience level or preferred market. The variety of trading instruments available on Eightcap is one of the factors that make it a popular choice among traders worldwide.
The primary trading instrument at Eightcap is the foreign exchange (Forex) market, where they offer over 45 different currency pairs, including major, minor, and exotic pairs. This diversity provides traders with the flexibility to navigate the market according to their preferences and trading strategies, whether they prefer trading the popular EUR/USD pair or the more volatile exotic pairs.
Apart from the Forex market, Eightcap also offers trading opportunities in other financial markets. These markets include Indices, where traders can trade on the price movements of the world’s leading indices such as the S&P 500, the Dow Jones, and the FTSE 100. In addition, they offer a range of commodities including precious metals like Gold and Silver, Energies such as Brent and Crude oil, and Soft commodities like Coffee and Cotton.
The broker also provides traders with access to the fast-paced Cryptocurrency market. Traders can invest in a variety of digital currencies, including Bitcoin, Ethereum, and Litecoin, among others. It’s important to note that the leverage and margin requirements vary across these different markets, with maximum leverage reaching up to 1:500 for some instruments.
As for the spread, Eightcap is known for offering competitive spreads, which can start from as low as 0.0 pips on its Raw account. Spread is a crucial aspect as it can significantly affect a trader’s potential profit or loss. Therefore, the competitive spreads offered by Eightcap are a significant advantage for traders aiming to maximize their returns.
Eightcap caters to the needs of different types of traders by offering a wide range of trading instruments. Whether you want to trade Forex, Indices, Commodities, or Cryptocurrencies, Eightcap provides the platform and the tools necessary to do so effectively. The competitive spreads and varying leverage options further enhance the trading environment, making Eightcap a compelling choice for traders.
Eightcap Fees & Commissions
One of the most critical aspects that traders consider when choosing a Forex broker is the associated trading fees and commissions. Eightcap has managed to establish itself as a competitive player in the market with its transparent and reasonable pricing model. The broker levies trading fees that are primarily incorporated into the spread, and it’s known for having relatively low spreads. This is a significant advantage for traders, especially those engaged in high-frequency trading, as it can significantly reduce overall trading costs.
Eightcap offers two main types of trading accounts, each with its own fee structure: the Standard Account and the Raw Account. For the Standard Account, traders can enjoy the benefit of zero commission trading. However, the spreads start from 1 pip. On the other hand, the Raw Account has a commission of $3.5 per standard lot traded but offers much tighter spreads, starting from 0 pips. This type of account is more beneficial for traders who can handle larger volumes as it can result in lower overall trading costs despite the commission.
Aside from the trading fees and commissions, it’s also important to consider other potential costs that might be incurred while trading with Eightcap. These can include overnight swap rates or rollover fees, which are charged when positions are kept open overnight. These fees are typically variable and depend on the specific instrument being traded. Moreover, Eightcap does not charge any deposit or account maintenance fees, which adds to its appeal as a cost-effective broker.
However, traders should note that while there are no internal withdrawal fees levied by Eightcap, there might be fees charged by banks or payment providers. Therefore, it’s always advisable to check with your payment service provider to identify any potential charges. It’s also worth mentioning that inactive accounts might incur a fee. If a trading account remains inactive for three consecutive months, it will be classified as inactive and will be subject to a monthly inactivity fee.
Eightcap presents a transparent and competitive fees and commissions structure that caters to different types of traders. The broker strives to keep costs low for traders, and its clear pricing model is testament to this. However, traders should always thoroughly scrutinize all potential costs and fees before opening an account. This will ensure they have a comprehensive understanding of the trading environment at Eightcap and can make an informed decision.
Eightcap Execution and Spreads
Eightcap stands out in the crowded field of Forex brokers with their exceptional execution technology and competitive spreads. Built on a firm foundation of transparency, speed, and precision, Eightcap’s execution technology ensures that every transaction is carried out instantaneously and with total accuracy. This helps the traders to enter and exit the market at the price they expected, significantly reducing the risk of slippage.
Eightcap utilizes the latest trading technologies to ensure the smoothest execution of trades. They employ Straight Through Processing (STP) technology, which routes the trades directly to the liquidity providers without any dealing desk intervention. This results in faster execution, fewer re-quotes, and less slippage. The absence of a dealing desk also eliminates the possibility of trade manipulation, guaranteeing an equitable trading environment.
When it comes to spreads, Eightcap is highly competitive. They offer variable and tight spreads starting from 0.0 pips on major currency pairs, which is considerably lower than the industry average. Lower spreads mean less cost per trade for the trader, enabling them to maximize their potential profits. However, it’s important to note that spreads can fluctuate depending on the market conditions and liquidity.
In addition to offering competitive spreads, Eightcap also provides its clients with a high degree of leverage. Leveraging allows traders to control a large amount of money with a relatively small deposit. While this can potentially magnify profits, it is also crucial to remember that leverage can equally amplify losses. With this in mind, Eightcap offers a flexible range of leverage options, allowing traders to choose the level that suits their risk appetite and trading strategy.
The margin requirements at Eightcap are also designed with the trader’s convenience in mind. Traders are required to maintain a minimum margin level to keep their positions open. If the account’s equity falls below this level, a margin call will be issued, and the positions may be closed to prevent further losses. Eightcap’s margin requirements are clearly laid out on their platform, empowering traders to manage their risk effectively.
Eightcap, with its advanced execution technology and competitive spreads, offers a conducive environment for forex trading. By prioritizing speed, precision, and transparency, Eightcap ensures that its clients can trade confidently and efficiently, making the most of the opportunities the forex market presents.
Eightcap Markets and Products
Eightcap offers a diverse range of markets and products, allowing its clients to diversify their trading portfolios efficiently. The broker provides access to over 200 financial instruments spanning across various market sectors. This includes major, minor, and exotic Forex pairs, Indices, Commodities, Shares, and Cryptocurrencies. With such a wide array of options, traders can explore multiple markets and find opportunities in many different economic sectors.
As for the Forex market, traders can access a wide range of currency pairs. This includes both major pairs like EUR/USD, GBP/USD, AUD/USD, and USD/JPY, as well as minor and exotic pairs. The Forex market with Eightcap operates 24 hours a day, five days a week, providing traders with ample opportunities to trade at their convenience. Additionally, the broker offers competitive spreads on Forex pairs, enhancing trading conditions for its clients.
For Indices and Commodities trading, Eightcap provides access to some of the world’s most popular indices and commodities. This includes major indices like the S&P 500, NASDAQ, FTSE 100, and DAX, as well as commodities such as Gold, Silver, Crude Oil, and Natural Gas. These markets often provide opportunities for higher volatility trading, offering traders the potential for substantial returns.
Traders who are interested in Shares trading can access a selection of prominent global companies’ shares via Eightcap. This includes leading tech companies like Apple, Amazon, and Google, as well as other industry giants such as Tesla and Netflix. This allows traders to participate in the financial performance of these companies and potentially profit from their success.
In response to the growing interest in digital currencies, Eightcap also offers a selection of Cryptocurrencies for trading. This includes popular coins like Bitcoin, Ethereum, Ripple, and Litecoin. Trading Cryptocurrencies with Eightcap allows traders to take advantage of the extreme volatility often seen in these markets, potentially leading to substantial profits.
In summary, Eightcap offers a comprehensive selection of markets and products for its clients. Whether a trader prefers trading Forex, Indices, Commodities, Shares, or Cryptocurrencies, they will find a wealth of options available at Eightcap. This broad range of offerings helps highlight Eightcap’s commitment to providing diverse trading opportunities for its clients.
Eightcap Trading Conditions
At Eightcap, the trading conditions are tailored to accommodate a wide range of traders, from beginners to professionals. The broker provides an all-inclusive trading environment that is characterized by transparency, flexibility, and competitive rates. The specific trading conditions differ depending on the market being traded, but in general, traders can expect tight spreads, high leverage, and low minimum trade sizes.
Starting with the spreads, Eightcap boasts some of the most competitive spreads in the industry, starting from as low as 0.0 pips on major currency pairs. The broker operates on a variable spread model, which means the spread can widen or narrow depending on market conditions. However, even at their widest, Eightcap’s spreads are still exceptionally competitive, which can significantly reduce trading costs.
In terms of leverage, Eightcap offers up to 1:500 leverage for forex trading. This high leverage allows traders to open larger positions than their account balance would ordinarily allow. However, traders should use leverage cautiously as it can amplify both profits and losses. Eightcap provides risk management tools, such as stop loss and take profit orders, to help traders manage their risk when using leverage.
Eightcap also offers a low minimum trade size of 0.01 lots, or 1,000 units of the base currency. This makes it possible for traders with smaller account balances to participate in forex trading. By offering such a low minimum trade size, Eightcap ensures that trading is accessible to a wide range of traders, regardless of their budget.
However, it’s not just about the numbers. Eightcap also provides a conducive trading environment by offering market execution with no re-quotes, ensuring that your trades are executed at the best available price and without delays. The broker also provides Negative Balance Protection, ensuring that you can never lose more than your account balance.
The trading conditions at Eightcap are designed to provide an optimal trading experience. By offering competitive spreads, high leverage, low minimum trade sizes, and a conducive trading environment, the broker ensures that traders have everything they need to succeed in the markets. However, as always, traders should familiarize themselves with the specific trading conditions for each market and ensure they understand the risks involved before they start trading.
Eightcap Deposit & Withdrawal Methods
Eightcap offers a range of deposit and withdrawal methods that are designed to provide its clients with a seamless and secure transaction experience. Catering to a global clientele, the broker allows for transactions in multiple currencies, making it more accessible and easy-to-use for traders from different regions. The deposit and withdrawal methods provided by Eightcap include bank transfers, credit/debit cards, and electronic wallets such as Skrill and Neteller. These methods vary in their transaction processing time, fees, and minimum transaction amounts.
Bank transfers, while reliable and secure, have a longer processing time, typically taking three to five business days. However, Eightcap does not charge any internal fees for bank transfers, but clients should be aware that their banks may levy some charges. For traders who prefer quick transactions, credit/debit cards and e-wallets are more suitable. These methods offer instant transactions or a maximum delay of 24 hours.
As for minimum transaction amounts, there is no set limit when it comes to depositing funds. However, for withdrawals, there is a minimum limit of $50, regardless of the method chosen. This is something that traders need to keep in mind while planning their trading strategies and cash management.
Eightcap ensures the security of its clients’ funds during transactions by adhering to strict financial protocols. It uses secure socket layer (SSL) technology for all transactions to encrypt and safeguard the financial and personal data of its clients. The broker also adheres to the Anti-Money Laundering (AML) regulations and requires clients to use the same method for deposits and withdrawals to prevent any fraudulent practices.
The broker strives to make the process as simple and straightforward as possible. To initiate a deposit or withdrawal, clients need to log into their Eightcap Client Portal, select the relevant option, and follow the prompts. Withdrawal requests are typically processed within one business day, barring any issues.
In conclusion, Eightcap offers a range of deposit and withdrawal methods to suit the preferences of its diverse clientele, with an emphasis on the security and speed of transactions. However, traders must be aware of the terms associated with each method and plan their transactions accordingly. As always, Eightcap’s customer support team is readily available to assist with any queries regarding the deposit and withdrawal process.
Eightcap Trading Platforms
Eightcap provides its clients with advanced and intuitive trading platforms, ensuring they have the best trading experience possible. It offers two main platforms, the industry-standard MetaTrader 4 (MT4) and its more advanced, feature-rich successor, MetaTrader 5 (MT5). Both platforms are accessible via desktop, web, and mobile applications, thereby allowing traders to execute trades from anywhere and at any time.
MetaTrader 4 is renowned for its user-friendly interface, advanced charting capabilities, and a plethora of trading tools. It is one of the most widely used platforms in the Forex industry due to its reliability and wide range of functionalities. Traders can utilise its built-in analytical tools that include various charting tools and technical indicators for effective market analysis. Furthermore, it supports one-click trading, automated trading through Expert Advisors (EAs), and offers a host of order types for increased trading flexibility.
In contrast, MetaTrader 5 boasts more advanced features and extensive customisability. Along with all the features provided by MT4, MT5 includes additional order types and supports more timeframes, enhancing its technical analysis capabilities. Its integrated Economic Calendar and depth of market feature provide traders with comprehensive market information, facilitating well-informed decision making. MT5 also supports algorithmic trading, allowing traders to deploy and test various trading strategies.
Eightcap’s native Trader Tools plugin further enhances the trading experience on both platforms. This plugin includes advanced features such as correlation trader and matrix, sentiment trader, and alarm manager. There’s also a session map to keep track of the global trading session times and an advanced mini terminal for quicker order placements and management. It should be noted that these tools are available for free to all Eightcap clients.
Eightcap’s trading platforms, with their advanced functionalities, user-friendly interface, and customisable features, cater to the needs of both novice and experienced traders alike. The additional features provided by the Trader Tools plugin further supplement the platforms, ensuring traders have all they need to navigate the Forex market successfully.
Eightcap’s commitment to providing superior trading platforms is evident and is one of the reasons why it stands out in the competitive world of Forex trading.
Eightcap Pros and Cons
Like any other financial platform, Eightcap has its own set of advantages and disadvantages that one should consider before making an investment decision. Understanding these pros and cons will provide a clear perspective of what to expect from the broker and ensure an informed decision-making process.
Starting with the pros, Eightcap is renowned for its competitive spreads and low fees, which is a significant advantage for traders who are conscious of their trading costs. The broker offers a selection of over 1000 financial instruments, including forex, commodities, indices, and shares, offering ample trading opportunities for diverse trading strategies and interests.
Another commendable feature is their advanced and user-friendly trading platforms. Eightcap gives traders access to the industry-leading MetaTrader 4 and MetaTrader 5 platforms, both of which come with advanced charting tools, numerous technical indicators, and automated trading capabilities. Furthermore, they have a robust mobile trading platform for traders on the go, ensuring uninterrupted trading experience.
Regarding education and training, Eightcap impresses with a range of resources designed for both beginner and experienced traders.
Their educational content includes webinars, video tutorials, and an extensive library of articles that cover fundamental and technical analysis. They also provide a demo account option, allowing traders to practice risk-free trading before they venture into live trading.
However, Eightcap also has certain drawbacks that might not appeal to every trader. First, while they do offer a range of financial instruments, they do not provide options for trading cryptocurrencies, which might be a letdown for traders interested in this highly volatile market. Additionally, their educational content, while extensive, does not offer as much depth as some other brokers, which might leave advanced traders seeking more comprehensive insights.
Another potential downside is their limited customer support hours. While they offer multiple channels of communication, including live chat and email, their service is not available 24/7. This could be a significant disadvantage for traders who might need immediate assistance during non-working hours.
Finally, Eightcap’s withdrawal and deposit methods are not as diverse as some might hope. While they do offer popular methods like bank transfer and credit card transactions, they do not support e-wallets like PayPal and Neteller, which might be inconvenient for some traders.
Eightcap, like any broker, has its strengths and weaknesses. Prospective traders should weigh these pros and cons carefully, in light of their trading needs and preferences to make an informed decision.
Eightcap Customer Support
Exceptional customer service is a critical element that sets successful Forex brokers apart and Eightcap is no exception. The company prides itself on providing a robust and efficient customer support system to ensure seamless and hassle-free trading experiences for its clients. Eightcap’s customer support is always accessible and ready to offer practical solutions to any issues that clients may encounter while trading on its platform.
There are several ways in which clients can reach Eightcap’s customer service. The most direct method is via telephone, with dedicated lines for different regions across the world, ensuring that your queries are attended to promptly, and in a language you are comfortable with.
They also have a live chat feature on their website where you can get real-time assistance. The Live chat feature is manned by professional representatives who are knowledgeable in various aspects of trading and the Eightcap platform.
Besides, Eightcap also provides support through email. Traders can send their queries, complaints or suggestions to a dedicated email address. Though responses may not be instant like live chats or phone calls, the support team endeavours to respond to emails within 24 hours. This ensures that not even the smallest issue goes unaddressed.
The Eightcap customer support team is not just responsive but also well-trained and knowledgeable. They are well versed in all aspects of trading and are equipped to handle a wide range of issues, from technical problems to account and trading inquiries. This ensures that all client queries are properly addressed, and traders are well informed, promoting a smoother trading experience.
Lastly, the FAQ section on Eightcap’s website also provides useful information. This section addresses common queries and issues that traders often face. It covers a range of topics including account opening, deposit and withdrawals, platform troubleshooting among others. This allows traders to find quick solutions to common problems without the need to contact customer support.
Eightcap’s customer support system ticks all the right boxes. They are accessible, responsive, knowledgeable, and provide several channels for communication. This is a testament to their commitment to providing a smooth and efficient trading environment for their clients. Traders can rest easy knowing there is a skilled team ready to assist them whenever needed.
Eightcap Education and Training
Eightcap’s commitment to trader success is evident in their comprehensive set of educational resources and training tools. These resources are designed to equip both novice traders and seasoned professionals with the knowledge and strategies necessary to navigate the forex markets effectively. Through a variety of mediums, including webinars, ebooks, and educational articles, Eightcap provides deep insights into the world of forex trading.
Webinars are a key component of Eightcap’s educational offerings. These interactive sessions are led by expert traders and cover a range of topics from basic forex trading concepts to advanced technical analysis.
The webinars provide an opportunity for traders to ask questions and gain practical knowledge in real-time. With a roundup of webinars catering to different levels of trading proficiency, Eightcap ensures that traders of all experience levels can find valuable insights.
Ebooks and educational articles are other valuable resources provided by Eightcap for self-paced learning. These resources cover a wide range of topics including fundamental and technical analysis, risk management, and trading psychology.
The ebooks are comprehensive and easy-to-understand, making them a perfect resource for traders looking to dive deep into certain aspects of forex trading.
In addition to these, Eightcap provides several trading courses aimed at both beginners and more experienced traders. These courses are designed to provide traders with a solid foundation in forex trading, offering insights into trading basics, market analysis, and trading strategies. These well-structured courses ensure that traders have a deep understanding of the forex markets, enabling them to trade with confidence.
Complementing these educational resources is Eightcap’s wide array of analytical tools. From economic calendars to technical analysis tools, these resources help traders identify opportunities in the market and make informed trading decisions. Eightcap also provides access to professional market analysis and commentary, helping traders stay updated with market trends and developments.
Eightcap’s education and training offerings are extensive and comprehensive. Whether a trader is just starting out or looking to refine their strategies, Eightcap provides the necessary resources to help them succeed. By offering a mix of webinars, ebooks, courses, and analytics tools, Eightcap ensures that traders are well-equipped with the knowledge and strategies for effective forex trading.
Eightcap Trading Tools and Resources
Eightcap offers an extensive range of trading tools and resources designed to enhance the trading experience and facilitate informed decision-making. These tools are designed with the customer’s needs in mind, catering to both beginners and seasoned traders. They are designed to provide real-time information and in-depth analysis that help traders manage their trades efficiently and make well-informed decisions.
One of the standout features of Eightcap’s trading tools is the MetaTrader 4 and MetaTrader 5 platforms. These platforms offer advanced charting capabilities, numerous technical indicators, real-time market updates, and automated trading capabilities. These are industry-standard platforms known for their reliable performance, user-friendly interfaces, and comprehensive features, making it suitable for all kinds of trading strategies. With these platforms, traders can customize their trading experience, manage multiple accounts, and execute trades with ease.
Moreover, Eightcap provides access to a range of market analytics tools. These include economic calendars, which provide information about upcoming economic events that could potentially influence market movements. They also offer market news and analysis, which provides insights into the latest happenings in the forex market and the potential impact on various currency pairs. Such information aids traders in understanding the market dynamics and planning their trading strategies accordingly.
Eightcap also offers a range of educational resources designed to enhance the knowledge and skills of traders. These include webinars, video tutorials, eBooks, and articles covering a wide range of topics, from basic forex concepts to advanced trading strategies. These resources are invaluable for both novice traders who are just starting and experienced traders looking to expand their knowledge and improve their trading skills.
Furthermore, Eightcap provides a unique feature known as “One-Click Trading.” This feature allows traders to execute trades with a single click, saving them precious time and enabling quicker reactions to sudden market movements. This capability is particularly useful in the fast-paced world of forex trading, where every second counts.
Eightcap offers an impressive array of trading tools and resources designed to provide traders with a comprehensive, user-friendly, and efficient trading experience. These tools, combined with Eightcap’s superior execution and competitive spreads, make it a highly suitable choice for traders of all experience levels.
Eightcap Promotional Campaigns
EightCap has a comprehensive approach when it comes to promotional campaigns to entice both novice and experienced traders. The broker deeply understands the value of promotions as a business strategy to attract new clients and retain the existing ones. One of the key promotional campaigns that EightCap conducts is the deposit bonus promotion. This is where the broker offers a certain percentage of bonus on initial or subsequent deposits made by the trader. The bonus amount can be used for trading purposes and can significantly enhance the trading potential of the clients.
However, traders should note that there are specific terms and conditions associated with these promotions. For instance, they might be required to reach a certain trading volume before they can withdraw the bonus amount. Traders are strongly encouraged to read and understand these terms and conditions before availing of these promotions to avoid any misunderstandings or disappointments later on. It’s important to remember that while these promotions can offer additional trading opportunities, they should not be the sole basis for choosing a forex broker.
Another promotional campaign that EightCap conducts is the demo trading contest. This is a unique promotion where traders are given a chance to trade in a simulated market environment using a demo account. The traders with the highest profits at the end of the contest period are awarded lucrative prizes which could range from cash rewards to premium trading tools and resources. This type of promotion not only encourages active trading but also provides an excellent opportunity for traders to test their strategies and skills without risking any real money.
Eightcap also offers referral promotions from time to time. Where existing clients are incentivized for referring new traders to the broker. The referral bonus is often credited directly to the referrer’s trading account and can be used for trading purposes. This not only incentivizes the existing client base to promote EightCap but also helps in expanding their network of traders.
In addition to these, they regularly roll out seasonal promotions, which are time-bound and are often launched around holidays or significant market events. These could range from reduced trading fees, enhanced leverages, cash-backs, to special gifts. Traders can keep an eye on EightCap’s website or subscribe to their newsletter to stay updated about these promotional campaigns.
EightCap’s promotional campaigns are diverse and strategically designed to cater to the different needs of their clients, from bonus offers to contests and referral programs. They are user-focused, designed to add value and enhance the overall trading experience. However, traders should remember that these promotions are meant to be an added advantage and should not overshadow the other critical aspects like security, trading conditions, and customer support while selecting a broker.
Logging into an Eightcap account is a straightforward process designed with user-friendliness in mind. Users can access their accounts from the main website by clicking on the ‘Login’ button prominently displayed at the top right corner of the page. Upon clicking this button, clients are directed to a secure login page where they are asked to provide their email address and password. New users can also access the registration page from this section, which allows them to create an account swiftly.
Security is a paramount concern for Eightcap, and this is reflected in the login process. The broker uses advanced security technologies including Secure Socket Layer (SSL) encryption to protect the clients’ data during transmission. In addition, the website employs two-factor authentication (2FA) for an added layer of protection. This ensures that even if someone else gains access to a user’s password, they still won’t be able to log in without the second factor, usually a code sent to the user’s mobile device.
Forgetting your password is not an issue with Eightcap. If a user forgets their password, they can quickly reset it by clicking on the ‘Forgot your password?’ link on the login page. This will prompt them to enter their email address, and a password reset link will be sent to their inbox. The user can then follow the instructions in the email to create a new password and regain access to their account.
Eightcap also offers a mobile login option for clients who prefer to manage their trading on the go. The Eightcap mobile app, available for both Android and iOS devices, allows users to log into their accounts using the same credentials as the website. The app provides a secure and convenient way to access all the trading features and tools available on the Eightcap platform from anywhere.
Finally, it’s worth noting that Eightcap has a policy of automatic logouts after a period of inactivity. This is an additional security measure designed to protect users’ accounts from unauthorized access. Clients will need to log in again if they wish to continue their session after being automatically logged out. Although some users might find this feature inconvenient, it is a standard security measure in the trading industry and is crucial for the protection of users’ sensitive information.
Eightcap login process is secure, user-friendly, and flexible, with options for both website and mobile access. The broker goes above and beyond to ensure the safety of clients’ data, making it an excellent choice for traders concerned about security.
Cory has been a professional trader since 2005, and holds a Chartered Market Technician (CMT) designation. He has been widely published, writing for Technical Analysis of Stock & Commodities magazine, Investopedia, Forbes, Benzinga, and others.